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Crypto Today: Bitcoin, Ethereum, XRP edge lower as renewed US-Iran tensions weigh
The cryptocurrency market is pulling back broadly on Wednesday as investors adopt a cautious stance, with Bitcoin (BTC) consolidating near its short-term support at $77,000.
Wed, Sep 2
RBNZ raises rates: Why is the New Zealand Dollar plunging?
NZD/USD plunges 1.45% on Wednesday, trading around 0.5810 at the time of writing, as the New Zealand Dollar (NZD) comes under heavy selling pressure despite an interest-rate hike from the Reserve Bank of New Zealand (RBNZ).
Wed, Sep 2
Canadian Dollar: Scope to strengthen against US Dollar - Societe Generale
Societe Generale strategists see 1.3990/1.4030 as a key short-term resistance zone for USD/CAD following its rebound from 1.3730. They argue that a failure to break above this area could keep the broader decline intact, with 1.3840 as initial support.
Wed, Sep 2
Gold Price Forecast: XAU/USD tests $4,300 amid Fed tightening hopes, geopolitical tensions
Gold (XAU/USD) maintains its bearish trend on Wednesday, as higher geopolitical tensions and growing bets of a Federal Reserve (Fed) rate hike in September boost speculative support to the US Dollar.
Wed, Sep 2
New Zealand Dollar: Gradual RBNZ path weighs on kiwi – MUFG
MUFG’s Lee Hardman reports that the New Zealand Dollar fell sharply after the RBNZ delivered a second 25bps hike but signalled a cautious, gradual path for future tightening.
Wed, Sep 2
BoC set to keep interest rates steady despite sticky inflation
The Bank of Canada (BoC) is widely expected to keep its policy rate unchanged at 2.25% on Wednesday. This would be the seventh consecutive gathering with the central bank sitting on the fence.
Wed, Sep 2
India's GDP surged to 7.8% and growth forecasts are climbing: Why the Reserve Bank of India now faces 75bp of hikes
India’s macroeconomic outlook has strengthened following a sharp Q1-FY27 Gross Domestic Product (GDP) print of 7.8%, prompting financial institutions to upgrade both medium-term growth projections and interest rate expectations.
Wed, Sep 2
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $63.87 per troy ounce, down 0.35% from the $64.09 it cost on Tuesday.
Wed, Sep 2
Bitcoin Price Forecast: BTC faces pressure as ETF outflows, Fed rate-hike bets weigh
Bitcoin (BTC) remains under pressure, trading around $77,600 on Wednesday, after slipping 1.45% the previous day.
Wed, Sep 2
Brent: Higher inflation risks support prices – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that renewed US-Iran tensions have lifted Oil prices and revived global inflation concerns, with markets now fully pricing a Federal Reserve rate hike by October.
Wed, Sep 2
Euro tests two-week lows as risk aversion, Fed tightening bets buoy the US Dollar
The Euro (EUR) is trading lower against the US Dollar (USD) for the second consecutive day on Wednesday, weighed by risk aversion amid growing tensions in the Middle East, while rising bets of Federal Reserve (Fed) interest rate hikes support speculative demand for the US Dollar.
Wed, Sep 2
GBP/USD Price Forecast: Likely fall further towards 1.3420
The British Pound (GBP) is down 0.1% to near 1.3500 against the US Dollar (USD) during the European trading session on Wednesday.
Wed, Sep 2
USD/CAD Price Forecast: Eyes 50-day EMA after breaking above confluence around 1.3900
USD/CAD extends its gains for the second consecutive day. trading around 1.3940 during the European hours on Wednesday. The technical analysis of the daily chart indicates the pair is positioned above the descending channel top, signalling a bullish reversal.
Wed, Sep 2
Canadian Dollar: BoC hold leaves risk of further losses against US Dollar - ING
ING’s Francesco Pesole expects the Bank of Canada to keep rates on hold at 2.25%, seeing very low risk of a surprise hike despite firmer headline Consumer Price Index (CPI) and solid growth.
Wed, Sep 2
WTI slips below $89.00 despite US-Iran escalation threatening Strait of Hormuz
West Texas Intermediate (WTI) oil price edges lower after two days of gains, trading around $88.70 during the European hours on Wednesday.
Wed, Sep 2
Australian Dollar extends decline on firm Fed interest rate hike bets
The Australian Dollar (AUD) falls further against the US Dollar (USD) on Wednesday, trading 0.1% lower at around 0.7135 during the European trading session.
Wed, Sep 2
Japanese Yen: Yen supported by BoJ hike pricing – MUFG
MUFG’s Lee Hardman notes that the Japanese Yen (JPY) has strengthened as markets fully price a 25bps Bank of Japan (BoJ) rate hike at the 18th September meeting, helped by hawkish comments from Governor Ueda and board member Takata.
Wed, Sep 2
Dow Jones futures steady amid bond selloff, rising geopolitical tensions
Dow Jones futures inch higher by 0.05% to trade near 52,850 during European hours on Wednesday. Meanwhile, S&P 500 futures decline by 0.4%, to trade around 7,640, while Nasdaq 100 futures lose 0.19% to trade around 29,070.
Wed, Sep 2
Euro: ECB guidance may trigger asymmetric downside risks - Commerzbank
Commerzbank’s Antje Praefcke notes that markets are fully pricing an European Central Bank (ECB) rate hike next week after Euro Area inflation rose to 3.3%, but she doubts further tightening beyond September as projections show inflation declining into 2027.
Wed, Sep 2
Euro advances against Canadian Dollar amid lower oil prices, ECB rate hike bets
EUR/CAD gains ground for the second successive day, trading around 1.6120 during the European hours on Wednesday. The currency cross gains ground as the commodity-linked Canadian Dollar (CAD) faces pressure from declining oil prices.
Wed, Sep 2
